4//SEC Filing
Hermalyn Andrew 4
Accession 0001415889-24-005364
CIK 0001459417other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 9:39 PM ET
Size
7.5 KB
Accession
0001415889-24-005364
Insider Transaction Report
Form 4
2U, Inc.TWOU
Hermalyn Andrew
PRESIDENT, DEGREE SEGMENT
Transactions
- Award
Common Stock
2024-02-22+4,362→ 392,935 total - Tax Payment
Common Stock
2024-02-26$0.40/sh−3,639$1,456→ 389,296 total
Footnotes (2)
- [F1]The security represents 914 shares and 3,448 restricted stock units granted to the reporting person in connection with the certification of performance metrics of performance-based restricted stock units previously granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
- [F2]The reporting person was granted performance-based restricted stock units on March 2, 2021, and March 10, 2022, which vest in the form of common stock based on metrics previously set by the Compensation Committee of issuer's Board as measured over three one-year performance periods (the "2021 Award" and "2022 Award", respectively) commencing on January 1 of 2021, 2022 and 2023 for the 2021 Award, and on January 1 of 2022, 2023 and 2024 for the 2022 Award. On February 22, 2024, the Compensation Committee determined the achievement percentage attained for the third performance period of the 2021 Award and the second performance period of the 2022 Award, which resulted in the acquisition of these shares or restricted stock units, as applicable. The restricted stock units will fully vest at the end of all performance periods, subject to the reporting person's continued service with issuer through such date.
Documents
Issuer
2U, Inc.
CIK 0001459417
Entity typeother
Related Parties
1- filerCIK 0002005423
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 9:39 PM ET
- Size
- 7.5 KB